Financial Analysis

NOTE 11 INCOME TAXES The Company is incorporated in the State of Nevada and is subject to U.S. federal income taxes on its worldwide taxable income. The Company is subject to U.S. federal income tax at a statutory rate of 21 %. Nevada does not impose a corporate income tax on the Companys net income. The Companys Malaysian subsidiaries are subject to Malaysian corporate income tax at the applicable statutory rate of 24.0 %. The Companys effective tax rate may differ from these statutory rates due to valuation allowances, non-deductible expenses, and foreign tax rate differentials. The current and deferred components of income tax expense reflected in the statements of operations and comprehensive loss were nil for the year ended June 30, 2026 and 2025. The following table reconciles the statutory rate to the Companys effective tax rate. The effective tax rate reconciliation is based on the U.S. federal statutory rate of 21 %. SCHEDULE OF RECONCILIATION OF INCOME TAX EXPENSE 2026 2025 For the Years Ended June 30, 2026 2025 Loss from continuing operations before income tax: $ (1,393,031 ) $ (1,808,994 ) U.S. Federal statutory tax rate 21 % 21 % I ncome tax benefit at statutory rate (292,537 ) (379,889 ) Foreign tax rate difference (34,238 ) - Permanent difference (44,251 ) 379,889 Change in valuation allowance 371,026 - Income tax expense $ - $ - The Companys effective income tax rate was 0 % for both years ended June 30, 2026 and 2025. This is primarily attributable to the rec …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 12 LEASES As of June 30, 2026 and 2025, the Company had two finance leases for motor vehicles in Malaysia. SCHEDULE OF OPERATING AND FINANCE LEASE AGREEMENT As of June 30, 2026 As of June 30, 2025 Right-of-use assets-finance leases 29,933 55,386 Total right-of-use assets $ 29,933 $ 55,386 Finance lease liabilities current 11,409 22,553 Finance lease liabilities non-current 13,425 23,930 Total lease liabilities $ 24,834 $ 46,483 The components of lease expense and supplemental cash flow information related to leases for the years ended June 30, 2026 and 2025 are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES Other information for the year ended As of June 30, 2026 As of June 30, 2025 Cash paid for amounts included in the measurement of lease liabilities Cash payments for finance leases 26,102 24,574 Weighted average remaining lease term (in years) Finance leases 2.42 1.57 Weighted average discount rate Finance leases 4.06 % 8.77 % The undiscounted future minimum payments under the Companys finance lease liabilities and reconciliation to the finance lease liabilities recognized on the consolidated balance sheet as of June 30, 2026 are as follows: SCHEDULE OF UNDISCOUNTED FUTURE MINIMUM PAYMENTS Finance lease Year ending 2027 $ 12,675 2028 11,507 2029 1,920 Total lease payment 26,102 Less: Imputed interest (1,268 ) Total lease liabilities $ 24,834 …

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NOTE 9 BANK LOAN PAYABLE In October 2022, the Company obtained a credit facility with OCBC Bank in Malaysia to provide a loan in the principal amount of MYR 5,000,000 (approximately US$ 1,069,000 ) in relation to the Companys purchase of a factory (No. 3 factory building, see Note 6). The acquisition and loan drawdown was completed in March 2023. The loan bears interest at the base lending rate, as defined, minus 2.2% (4.06% at June 30, 2026), is secured by the No. 3 factory building, matures in October 2042, and is guaranteed by certain of the Companys shareholders. In June 2023, the credit agreement with OCBC Bank was amended to provide a second loan to the Company in the principal amount of MYR 4,600,000 (approximately US$ 975,162 ) in relation to the Companys purchase of a factory (No. 5 factory building, see Note 6). The acquisition and loan drawdown was completed in February 2024. The loan bears interest at the base lending rate, as defined, minus 2.2% (4.56% at June 30, 2026), is secured by the No. 5 factory building, matures in December 2043, and is guaranteed by certain of the Companys shareholders. For the years ended June 30, 2026 and 2025, total interest expenses were $ 93,289 and $ 81,203 , respectively. Future minimum principal payments under the bank borrowing at June 30, 2026, are as follow: SCHEDULE OF FUTURE MINIMUM PRINCIPAL PAYMENTS 2027 $ 86,453 2028 90,108 2029 93,917 2030 97,888 2031 102,027 2032 onward 1,719,508 Total 2,189,901 Current balance (86,453 …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recently accounting pronouncements In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (ASU 2023-09), which requires entities to make incremental income tax disclosures on an annual basis. The amendments require that public business entities disclose specific categories in the rate reconciliation and provide additional information for reconciling items meeting a quantitative threshold. The amendments also require disclosure of income taxes paid to be disaggregated by jurisdiction, and the disclosure of income tax expense disaggregated by federal, state, and foreign. Amendments are effective for annual periods beginning after December 15, 2025 and thereafter, with early adoption permitted. The Company is currently evaluating the impact from the adoption of this ASU on its financial statements. In November 2024, the FASB issued ASU 2024-03 Income StatementReporting comprehensive (loss) incomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03). The amendments in this update intend to improve the disclosures about a public business entitys expenses and address requests from investors for more detailed information about the types of expenses (including purchases of inventory, employee compensation, depreciation, amortization, and depletion) in commonly presented expense captions (such as cost of sales, selling, general and administrative expenses, and research and development). ASU 20 …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 10 RELATED PARTY TRANSACTIONS The table below sets forth major related parties of the Company and their relationships with the Company: Name Relationship with the Company Luo Xiong and spouse Wo Kuk Ching and their immediate family members Majority shareholders Empower International Trading Shareholders Invent Fortune Sdn. Bhd Entity controlled by Luo Xiong and spouse Wo Kuk Ching TLC Global International Trading Entity controlled by Wong Ching Wing, daughter of Luo Xiong and Wo Kuk Ching As of June 30, 2026 and 2025, the amount due from (due to) related parties consisted of: SCHEDULE OF AMOUNT DUE FROM (DUE TO) RELATED PARTIES Nature As of June 30, 2026 As of June 30, 2025 Account payable to Invent Fortune Sdn. Bhd. (1) Raw material payables $ (1,224,542 ) $ (715,444 ) Payable to Luo Xiong and Wo Kuk Ching Loan (1,397,670 ) (1,209,120 ) Payable to Empower International Trading Loan (875,858 ) (527,325 ) Payable to TLC Global International Trading Equipment purchase payable - (810,975 ) Total due to related parties $ (3,498,070 ) $ (3,262,864 ) (1) :Represents trade payables due to Invent Fortune Sdn. Bhd. for raw material purchases. These amounts are recorded within accounts payable in the consolidated balance sheets. The amounts payable to related parties are unsecured, non-interest bearing, and payable on demand. The Company has the right to offset amounts with related parties under common control. In addition to the related party balances above, the Company has the f …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 13 SEGMENT INFORMATION The Company manages its business in a centralized manner and operates as a single segment and accordingly has only one 1 operating and 1 reportable segment. The Companys Chief Executive Officer serves as the CODM. The CODM regularly reviews entity-wide operating results and reviews consolidated revenues and net loss as reported in the statement of operations and comprehensive loss when making decisions about allocating resources and assessing performance of the segment, and hence, the Company has only one reportable segment. The primary measures of segment revenue and profitability for the Companys operating segment are considered to be consolidated revenue and net loss. The CODM uses consolidated revenue to assess market performance and growth, and net loss to evaluate segment profitability and cost management. Both measures are used together to allocate resources, including employee or capital resources. Significant expense categories regularly provided to and reviewed by the CODM include those presented in the statements of operations and comprehensive loss as well as disaggregated expenses of cost of revenues and general and administrative expenses. The following table presents the segment information of the Company for the measurement of segment profitability for the years ended June 30, 2026 and 2025: SCHEDULE OF SEGMENT INFORMATION 2026 2025 For the Years Ended June 30, 2026 2025 Revenues $ 1,422,451 $ 1,338,300 Cost of revenues (2,073,261 ) …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements and accompanying notes have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities on the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, management reviews these estimates and assumptions using the currently available information. Changes in facts and circumstances may cause the Company to revise its estimates. In accordance with ASC 250, Accounting Changes and Error Corrections, changes in accounting estimates are recognized prospectively in the period in which the change occurs and in future periods. The Company bases its estimates on past experiences and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Estimates are used when accounting for items and matters including, but not limited to, allowances for expected credit losses, estimates for inventory provisions, useful lives and impairment of long liv …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 15 SUBSEQUENT EVENT The Company evaluated all events and transactions that occurred after June 30, 2026, up through September 28, 2026, which is the date that these financial statements are issued, unless as disclosed elsewhere and below, no other material subsequent events occurred that would require recognition or disclosure in the Companys financial statements. On August 7, 2026, the Company entered into SPAs to acquire all of the equity interests of Invent Fortune Sdn. Bhd. for 36,527,833 shares of the Companys common stock, and 60 % of the equity interests of Xing Da Plastics Sdn. Bhd. for 4,800,000 shares, payable in three tranches ( 20 % at closing, 40 % and 40 % three and six months thereafter), with 10 % of each tranche withheld by the Company as Escrow Shares. Invent Fortune is a related party controlled 83 % by Mr. Luo Xiong and Ms. Wo Kuk Ching, the Companys controlling stockholders. As of the date that these financial statements are issued, the transaction has not yet been completed. …

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SCHEDULE OF REVENUE RECOGNITION 2025 2024 Three months ended September 30, 2025 2024 Sale of plastic recycle products $ 445,628 $ 457,247

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9. LEASES As of September 30, 2025, the Company has two fiance leases for motor vehicles, and one operating lease agreements for space (No. 5 factory building) in Malaysia. SCHEDULE OF OPERATING AND FINANCE LEASE AGREEMENT As of September 30, 2025 As of June 30, 2025 Right-of-use assets-finance leases 48,896 55,386 Total right-of-use assets $ 48,896 $ 55,386 Finance lease liabilities current 20,755 22,553 Finance lease liabilities non-current 20,358 23,930 Total lease liabilities $ 41,113 46,483 The components of lease expense and supplemental cash flow information related to leases for the three months ended September 30, 2025 and 2024 are as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOW AND OTHER INFORMATION RELATED TO LEASES Other information for the three months ended September 30, 2025 September 30, 2024 Cash paid for amounts included in the measurement of lease obligations Cash payments for operating lease $ - $ 31,818 Cash payments for finance lease 6,143 6,297 Weighted average remaining lease term (in years) Operating leases - 0.17 Finance leases 1.57 3.27 Weighted average discount rate Operating leases - % 7.31 % Finance leases 8.77 % 8.77 % The undiscounted future minimum payments under the Companys operating and finance lease liabilities and reconciliation to the operating and finance lease liabilities recognized on the consolidated balance sheet as of September 30, 2025 are as follows: SCHEDULE OF UNDISCOUNTED FUTURE MINIMUM PAYMENTS Operating lease Finance lease Ye …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

7. BANK LOAN PAYABLE In October 2022, the Company obtained a credit facility with OCBC Bank in Malaysia to provide a loan in the principal amount of MYR 5,000,000 (approximately US$ 1,069,000 ) in relation to the Companys purchase of a factory (No. 3 factory building, see Note 4). The acquisition and loan drawdown was completed in March 2023. The loan bears interest at the base lending rate, as defined, minus 2.2% (4.06% at June 30, 2025), is secured by the No. 3 factory building, matures in October 2042, and is guaranteed by certain of the Companys shareholders. In June 2023, the credit agreement with OCBC Bank was amended to provide a second loan to the Company in the principal amount of MYR 4,600,000 (approximately US$ 975,162 ) in relation to the Companys purchase of a factory (No. 5 factory building, see Note 4). The acquisition and loan drawdown was completed in February 2024. The loan bears interest at the base lending rate, as defined, minus 2.5% (4.06% at June 30, 2025), is secured by the No. 5 factory building, matures in December 2043, and is guaranteed by certain of the Companys shareholders. The total interest expenses were $ 22,771 and $ 31,354 for the three months ended September 30, 2025 and 2024, respectively. Future Minimum principal payments under the bank loans payable, secured are as follow: SCHEDULE OF MINIMUM PRINCIPAL PAYMENTS 2026 $ 80,943 2027 84,364 2028 87,931 2029 91,648 2030 onward 1,804,437 Total 2,149,323 Current balance (80,943 ) Non-current b …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Recent accounting pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires additional quantitative and qualitative income tax disclosures to enable financial statements users better assess how an entitys operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. This ASU is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company adopted this guidance effective July 1, 2025 and the Company is currently evaluating the impact of adopting this ASU on its consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Companys balance sheets, statements of income and statements of cash flows. …

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8. RELATED PARTY TRANSACTIONS As of September 30, 2025 and June 30, 2025, the amount (due to) related parties consisted of: SCHEDULE OF AMOUNT DUE FROM (DUE TO) RELATED PARTIES September 30, 2025 June 30, 2025 Due to Invent Fortune Sdn. Bhd. (4) $ (814,765 ) $ (715,444 ) Payable to Luo Xiong and Wo Kuk Ching (1) (1,260,254 ) (1,209,120 ) Payable to Empower International Trading (2) (535,962 ) (527,325 ) Payable to TLC Global International Trading (3) (813,495 ) (810,975 ) Total due to related parties, net $ (3,424,476 ) $ (3,262,864 ) The amounts due from and payable to related parties are unsecured, non-interest bearing, and payable on demand. The Company has the right to offset amounts with related parties controlled by the same common control group. (1) Luo Xiong and spouse Wo Kuk Ching and their immediate family members own 90 % of the Companys common stock. (2) Entity controlled 100 % by Luo Xiong (3) Entity controlled 100 % by Wong Ching Wing, daughter of Luo Xiong and Wo Kuk Ching (4) Entity controlled 83 % by Luo Xiong and spouse Wo Kuk Ching. …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing